CNEQ vs. IWLG ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to IQ MacKay Municipal Insured ETF (IWLG)
CNEQ
Alger Concentrated Equity ETF
CNEQ Description
CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.
Grade (RS Rating)
Last Trade
$23.28
Average Daily Volume
6,397
10
IWLG
IQ MacKay Municipal Insured ETF
IWLG Description
IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$45.38
Average Daily Volume
8,930
41
Performance
| Period | CNEQ | IWLG |
|---|---|---|
| 30 Days | 10.32% | 6.34% |
| 60 Days | 18.69% | 12.91% |
| 90 Days | 2.13% | -0.94% |
| 12 Months | 48.83% |
CNEQ Underweight 36 Positions Relative to IWLG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | B | -3.78% | |
| AVGO | B | -3.77% | |
| GOOG | B | -3.2% | |
| SPOT | C | -2.43% | |
| INTU | F | -2.42% | |
| ISRG | C | -2.28% | |
| KKR | A | -2.16% | |
| ADBE | F | -2.05% | |
| LLY | D | -1.81% | |
| CMG | C | -1.79% | |
| GE | B | -1.69% | |
| TT | A | -1.67% | |
| LRCX | D | -1.66% | |
| NOW | B | -1.65% | |
| MELI | D | -1.52% | |
| FICO | C | -1.49% | |
| WDAY | D | -1.48% | |
| UBER | C | -1.44% | |
| V | B | -1.43% | |
| MA | A | -1.38% | |
| ETN | B | -1.37% | |
| SNPS | F | -1.23% | |
| ASML | F | -1.21% | |
| ORLY | A | -1.19% | |
| UNH | B | -1.16% | |
| ABT | C | -1.13% | |
| SYK | C | -1.12% | |
| HD | A | -1.07% | |
| WCN | D | -1.06% | |
| NFLX | A | -1.01% | |
| BSX | A | -0.98% | |
| AME | C | -0.96% | |
| HLT | A | -0.96% | |
| AMD | C | -0.48% | |
| BKNG | B | -0.48% | |
| VMC | D | -0.33% |
CNEQ: Top Represented Industries & Keywords
IWLG: Top Represented Industries & Keywords
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